Nomura Asset Management Co. Ltd. Cuts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Nomura Asset Management Co. Ltd. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,233 shares of the Wireless communications provider’s stock after selling 14,351 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in T-Mobile US were worth $49,274,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC grew its holdings in T-Mobile US by 0.4% in the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider’s stock valued at $2,499,000 after purchasing an additional 41 shares during the period. JSF Financial LLC lifted its position in shares of T-Mobile US by 0.9% during the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $1,117,000 after buying an additional 44 shares in the last quarter. D Orazio & Associates Inc. grew its stake in T-Mobile US by 3.7% in the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock valued at $290,000 after acquiring an additional 47 shares during the period. Warren Street Wealth Advisors LLC increased its holdings in T-Mobile US by 4.3% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock worth $252,000 after acquiring an additional 47 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC raised its position in T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock worth $284,000 after acquiring an additional 48 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research analyst reports. Sanford C. Bernstein started coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target for the company. Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. UBS Group lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Finally, Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $256.80.

T-Mobile US Stock Down 1.2 %

Shares of TMUS opened at $264.93 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market cap of $302.48 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company’s 50-day moving average price is $252.92 and its 200 day moving average price is $232.64. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. T-Mobile US’s payout ratio is presently 36.40%.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.